Custody Service Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Equity, Fixed Income, Alternative Assets, Others), By Service (Core Custody Services, Ancillary Services, Core Depository Services, Others), By Region & Competition, 2020-2030F

April 2025 | 187 pages | ID: CB76101C8C6CEN
TechSci Research

Abstracts

The global Custody Service Market was valued at USD 40.86 billion in 2024 and is projected t%li%reach USD 65.24 billion by 2030, growing at a CAGR of 6.02% during the forecast period. Custody services encompass the safekeeping, settlement, and reporting of clients’ cash and marketable securities, and may include securities lending t%li%qualified borrowers for added income. The market valuation reflects both core services and related offerings incorporated by providers. As businesses and institutions increasingly seek operational transparency and risk mitigation, the demand for efficient and secure custody solutions continues t%li%grow. The industry is undergoing transformation through automation and standardization, which are enhancing operational efficiency, service quality, and responsiveness t%li%future client needs. With innovations such as automated reporting and open platform data models, custodians are evolving from asset-focused t%li%data-centric service providers, which is anticipated t%li%further stimulate market expansion in the years ahead.

Key Market Drivers

Rise in Global Wealth and Asset Accumulation

The ongoing growth in global wealth and asset ownership is a major factor driving the custody services market. As economies expand and financial literacy improves, both individuals and institutional investors are amassing diversified portfolios that require secure and compliant custody solutions. The rise in affluence, especially within emerging markets, and the expansion of the global middle class have heightened the demand for trustworthy custodial services. High-net-worth individuals, family offices, and large institutions are increasingly relying on custodians t%li%safeguard an array of traditional and alternative assets. Furthermore, the growing prominence of digital assets has created a broader range of financial instruments, reinforcing the need for robust and adaptable custody infrastructure capable of supporting both conventional and emerging asset classes.

Key Market Challenges

Rapid Technological Advancements and Cybersecurity Risks

The swift pace of technological change poses a significant challenge for the custody services market, especially in the area of cybersecurity. While digital transformation enhances efficiency and service capabilities, it simultaneously introduces risks such as cyberattacks, data breaches, and system vulnerabilities. Custodians must maintain highly secure digital infrastructure t%li%ensure the safe storage and handling of sensitive financial data and transactions. As the industry adopts innovations like blockchain and distributed ledger technologies, additional complexities arise related t%li%system integration, interoperability, and regulatory compliance. T%li%navigate these risks, custodians are required t%li%invest heavily in advanced security measures, encryption systems, and personnel training. Maintaining the balance between technological innovation and operational security is critical for long-term trust and performance in the custody sector.

Key Market Trends

Digital Transformation and Blockchain Integration: Revolutionizing Custody Services

Digital transformation, spearheaded by the adoption of blockchain technology, is reshaping the custody service market. Custodians are leveraging cutting-edge tools t%li%enhance asset security, streamline operations, and improve transparency. Blockchain enables secure and tamper-proof asset recording, verification, and transfer, significantly reducing the risk of fraud and operational errors. Its application is expanding across settlement, recordkeeping, and the safekeeping of digital and tokenized assets. Traditional custodians are adapting infrastructure t%li%accommodate cryptocurrencies and security tokens. Blockchain’s security features support stronger asset integrity and traceability. A notable development occurred in April 2024 when Landesbank Baden-Wьrttemberg (LBBW) in Germany announced its entry int%li%crypt%li%custody services through a collaboration with Austrian exchange Bitpanda. The partnership will deliver digital asset trading and custody solutions, beginning with Bitcoin and Ethereum, t%li%meet growing demand from corporate clients. This reflects a broader industry shift toward integrating blockchain in custody operations t%li%stay competitive in a digitally evolving financial ecosystem.

Key Market Players

• Axis Bank Ltd.
• DBS Bank Ltd.
• Deutsche Bank A.G.
• Edelweiss Custodial Services Ltd.
• HDFC Bank Ltd.
• Hong Kong & Shanghai Banking Corporation Ltd.
• ICICI Bank Ltd.
• Infrastructure Leasing & Financial Services Ltd.
• Kotak Mahindra Bank
• Orbis Financial Corporation Ltd.

Report Scope:

In this report, the Global Custody Service Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:

• Custody Service Market, By Type:
• Equity
• Fixed Income
• Alternative Assets
• Others
• Custody Service Market, By Service:
• Core Custody Services
• Ancillary Services
• Core Depository Services
• Others
• Custody Service Market, By Region:
• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Turkey
• Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Custody Service Market.

Available Customizations:

Custody Service market report with the given market data, TechSci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up t%li%five).

Contents

1. INTRODUCTION

1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered

2. RESEARCH METHODOLOGY

2.1. Methodology Landscape
2.2. Objective of the Study
2.3. Baseline Methodology
2.4. Formulation of the Scope
2.5. Assumptions and Limitations
2.6. Sources of Research
2.7. Approach for the Market Study
2.8. Methodology Followed for Calculation of Market Size & Market Shares
2.9. Forecasting Methodology

3. EXECUTIVE SUMMARY

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions
3.5. Overview of Market Drivers, Challenges, and Trends

4. VOICE OF CUSTOMER ANALYSIS

4.1. Brand Awareness
4.2. Factor Influencing Purchasing Decision

5. GLOBAL CUSTODY SERVICE MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Type (Equity, Fixed Income, Alternative Assets, Others)
  5.2.2. By Service (Core Custody Services, Ancillary Services, Core Depository Services, Others)
  5.2.3. By Region
  5.2.4. By Company (2024)
5.3. Market Map

6. NORTH AMERICA CUSTODY SERVICE MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Type
  6.2.2. By Service
  6.2.3. By Country
6.3. North America: Country Analysis
  6.3.1. United States Custody Service Market Outlook
    6.3.1.1. Market Size & Forecast
      6.3.1.1.1. By Value
    6.3.1.2. Market Share & Forecast
      6.3.1.2.1. By Type
      6.3.1.2.2. By Service
  6.3.2. Canada Custody Service Market Outlook
    6.3.2.1. Market Size & Forecast
      6.3.2.1.1. By Value
    6.3.2.2. Market Share & Forecast
      6.3.2.2.1. By Type
      6.3.2.2.2. By Service
  6.3.3. Mexico Custody Service Market Outlook
    6.3.3.1. Market Size & Forecast
      6.3.3.1.1. By Value
    6.3.3.2. Market Share & Forecast
      6.3.3.2.1. By Type
      6.3.3.2.2. By Service

7. EUROPE CUSTODY SERVICE MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Type
  7.2.2. By Service
  7.2.3. By Country
7.3. Europe: Country Analysis
  7.3.1. France Custody Service Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Type
      7.3.1.2.2. By Service
  7.3.2. Germany Custody Service Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Type
      7.3.2.2.2. By Service
  7.3.3. Spain Custody Service Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Type
      7.3.3.2.2. By Service
  7.3.4. Italy Custody Service Market Outlook
    7.3.4.1. Market Size & Forecast
      7.3.4.1.1. By Value
    7.3.4.2. Market Share & Forecast
      7.3.4.2.1. By Type
      7.3.4.2.2. By Service
  7.3.5. United Kingdom Custody Service Market Outlook
    7.3.5.1. Market Size & Forecast
      7.3.5.1.1. By Value
    7.3.5.2. Market Share & Forecast
      7.3.5.2.1. By Type
      7.3.5.2.2. By Service

8. ASIA-PACIFIC CUSTODY SERVICE MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Type
  8.2.2. By Service
  8.2.3. By Country
8.3. Asia-Pacific: Country Analysis
  8.3.1. China Custody Service Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Type
      8.3.1.2.2. By Service
  8.3.2. Japan Custody Service Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Type
      8.3.2.2.2. By Service
  8.3.3. India Custody Service Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Type
      8.3.3.2.2. By Service
  8.3.4. Vietnam Custody Service Market Outlook
    8.3.4.1. Market Size & Forecast
      8.3.4.1.1. By Value
    8.3.4.2. Market Share & Forecast
      8.3.4.2.1. By Type
      8.3.4.2.2. By Service
  8.3.5. South Korea Custody Service Market Outlook
    8.3.5.1. Market Size & Forecast
      8.3.5.1.1. By Value
    8.3.5.2. Market Share & Forecast
      8.3.5.2.1. By Type
      8.3.5.2.2. By Service

9. MIDDLE EAST & AFRICA CUSTODY SERVICE MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Type
  9.2.2. By Service
  9.2.3. By Country
9.3. MEA: Country Analysis
  9.3.1. South Africa Custody Service Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Type
      9.3.1.2.2. By Service
  9.3.2. Saudi Arabia Custody Service Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Type
      9.3.2.2.2. By Service
  9.3.3. UAE Custody Service Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Type
      9.3.3.2.2. By Service
  9.3.4. Turkey Custody Service Market Outlook
    9.3.4.1. Market Size & Forecast
      9.3.4.1.1. By Value
    9.3.4.2. Market Share & Forecast
      9.3.4.2.1. By Type
      9.3.4.2.2. By Service
  9.3.5. Egypt Custody Service Market Outlook
    9.3.5.1. Market Size & Forecast
      9.3.5.1.1. By Value
    9.3.5.2. Market Share & Forecast
      9.3.5.2.1. By Type
      9.3.5.2.2. By Service

10. SOUTH AMERICA CUSTODY SERVICE MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Type
  10.2.2. By Service
  10.2.3. By Country
10.3. South America: Country Analysis
  10.3.1. Brazil Custody Service Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Type
      10.3.1.2.2. By Service
  10.3.2. Argentina Custody Service Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Type
      10.3.2.2.2. By Service
  10.3.3. Colombia Custody Service Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Type
      10.3.3.2.2. By Service

11. MARKET DYNAMICS

11.1. Drivers
11.2. Challenges

12. MARKET TRENDS & DEVELOPMENTS

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. PORTERS FIVE FORCES ANALYSIS

13.1. Competition in the Industry
13.2. Potential of New Entrants
13.3. Power of Suppliers
13.4. Power of Customers
13.5. Threat of Substitute Products

14. COMPETITIVE LANDSCAPE

14.1. Company Profiles
  14.1.1. Axis Bank Ltd.
    14.1.1.1. Business Overview
    14.1.1.2. Company Snapshot
    14.1.1.3. Products & Services
    14.1.1.4. Financials (As Per Availability)
    14.1.1.5. Key Market Focus & Geographical Presence
    14.1.1.6. Recent Developments
    14.1.1.7. Key Management Personnel
  14.1.2. DBS Bank Ltd.
  14.1.3. Deutsche Bank A.G.
  14.1.4. Edelweiss Custodial Services Ltd.
  14.1.5. HDFC Bank Ltd.
  14.1.6. Hong Kong & Shanghai Banking Corporation Ltd.
  14.1.7. ICICI Bank Ltd.
  14.1.8. Infrastructure Leasing & Financial Services Ltd.
  14.1.9. Kotak Mahindra Bank
  14.1.10. Orbis Financial Corporation Ltd.

15. STRATEGIC RECOMMENDATIONS

16. ABOUT US & DISCLAIMER